ABSD Stamp Duty Calculator and Guide 2025: Essential Tool for Singapore Buyers
The ABSD Stamp Duty Calculator helps Singapore property buyers compute Additional Buyer's Stamp Duty (ABSD) based on 2025 rates from IRAS. This cluster guide provides step-by-step calculations, rates by buyer profile, and practical tips, building on Homejourney's pillar content: Singapore ABSD Rates by Nationality 2025: Definitive Homejourney Guide. At Homejourney, we prioritize user safety by verifying all data from official sources like IRAS and URA, ensuring you make confident decisions.
What is ABSD and Why Use a Calculator?
ABSD is an additional tax on residential property purchases in Singapore, applied on top of Buyer's Stamp Duty (BSD), based on your residency status and number of existing properties. Rates as of 2025: Singapore Citizens pay 0% on first, 20% on second, 30% on third+; PRs pay 5%/30%/35%; Foreigners pay 60% flat.[2][5] Use an ABSD calculator to avoid surprises – input purchase price or market value (higher one) for instant BSD + ABSD totals.
Homejourney's trusted tools integrate with our Property Search for seamless verification during property hunts in areas like Lentor or Queenstown. This matters in 2025's market, where cooling measures keep ABSD high to prioritize local housing.[1][2]
Current ABSD Rates 2025: Breakdown by Buyer Profile
ABSD applies to the full property value (higher of price or valuation). Here's the official table:
| Buyer Profile | 1st Property | 2nd Property | 3rd+ Properties |
|---|---|---|---|
| Singapore Citizens | 0% | 20% | 30% |
| Singapore PRs | 5% | 30% | 35% |
| Foreigners | 60% | 60% | 60% |
| Entities/Companies | 65% | 65% | 65% |
Source: IRAS 2025 rates.[2][5] For joint purchases, use the highest applicable rate (e.g., Singaporean + Foreigner = 60%). Foreign buyers, see our related guide: Types of Properties Foreigners Can Buy in Singapore | Homejourney .
BSD vs ABSD: Key Differences and Total Costs
BSD is tiered on all buyers: 1% on first $180K, 2% next $180K, 3% next $640K, 4% next $1.5M, 5% $1.5M-$3M, 6% above $3M.[4][6] ABSD is a flat % on total value for second+ properties or non-citizens. Total = BSD + ABSD, paid via e-Stamping within 14 days of OTP.[1]
- Insider Tip: For resale condos in Kovan (near MRT, ~10-min walk), IRAS often values higher than OTP price – always check via Projects Directory .
- Foreigners: 60% ABSD makes condos over $1.5M cost ~$900K+ in duties alone.
Step-by-Step: How to Use ABSD Stamp Duty Calculator
Follow these actionable steps for accurate results using official IRAS tools or Homejourney's verified calculator:
- Confirm Profile: Count existing residential properties (HDB/condo/private). Verify status with IRAS.[2]
- Input Value: Use higher of purchase price or market valuation (e.g., $1.5M Lentor condo).[1]
- Calculate BSD: Tiered formula. Example $1.5M: 1%($180K)=$1.8K + 2%($180K)=$3.6K + 3%($640K)=$19.2K + 4%($500K)=$20K = $44.6K.[2]
- Add ABSD: E.g., SC 2nd property: 20% x $1.5M = $300K. Total: $344.6K.[2]
- Verify Financing: Check impact via Bank Rates or Mortgage Rates . For foreigners, explore options in Financing Options for Foreign Buyers in Singapore | Homejourney .
- e-Stamp: Pay within timelines via IRAS portal.[5]
Example for Foreign Buyer: $2M condo – BSD ~$70K + ABSD 60%($2M)=$1.2M = $1.27M total. Plan ahead to avoid delays.[2]
ABSD for Foreign Buyers and Special Cases 2025
Foreigners face 60% ABSD on any residential property, unchanged from 2023 hikes.[2][5] Exemptions rare: JS-PR scheme (decouples PR status). Entities pay 65%; developers 40% (35% remittable).[1] Remissions for small developments (4+ units).[5]
Practical Tip: Before OTP on Tengah ECs or Queenstown resale, run calculations – high ABSD can exceed 50% of price. Homejourney verifies data for safe transactions. Link to full process: Step-by-Step Property Buying Process for Foreigners | Homejourney .
Common Mistakes to Avoid with ABSD Calculations
- Mis counting properties: Includes overseas – check NRIC records.
- Ignoring valuation: IRAS overvalues 20% of cases in hot areas like Kovan.
- Forgetting joint rules: Highest rate applies.
- Timing errors: Pay late = penalties up to 50%.[5]
Disclaimer: This is general guidance; consult professionals for advice. Homejourney ensures transparency but not financial advice.
Financial Impact and Next Steps
ABSD ties to TDSR/MSR limits – high duties reduce loan eligibility. Use CPF for BSD/ABSD if eligible (HDB rules apply).[1] Post-purchase, maintain with Aircon Services .
Action Items:
- Calculate now via IRAS/Homejourney tools.
- Search verified listings: Property Search .
- Compare financing: Bank Rates .
- Read pillar guide for full ABSD overview.
FAQ: ABSD Stamp Duty Calculator Questions
Q: How do I calculate ABSD for my second property as a Singapore Citizen?
A: 20% on full value + tiered BSD. E.g., $1.5M = $300K ABSD + ~$44K BSD.[2]
Q: Do foreigners pay ABSD on all properties?
A: Yes, flat 60% in 2025.[5]
Q: Can ABSD be refunded?
A: Limited remissions for specific cases like decoupling; check IRAS.[1]
Q: What's the BSD tier for properties over $3M?
A: 6% on excess.[4]
Q: Where to verify calculations safely?
A: Use Homejourney or official IRAS e-Stamping for trusted results.
Trust Homejourney for verified property insights. Start your safe journey today with our Property Search and pillar ABSD guide.
